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Malaysia's Digital Economy is Mature

Update Date:2019-6-26 17:20:35 Source:Tannet (Malaysia) Sdn Bhd Views:1099

KUALA LUMPUR (April 18): Minister of Communications and Multimedia, Gobind Singh Deo said that Malaysia is a country with a mature digital economy and the best choice for information and communication technology (ICT) and digital companies across the country.

 

He said that in 23 years ago, Malaysia's goal was to create an economy based on the technology of digital transformation.

 

“Our first step was to create the Multimedia Super Corridor (MSC) in 1996; in 1997, MDEC (formerly the Multimedia Development Agency, MDC) was created to lead and promote the development of the digital economy in Malaysia.”

 

He pointed out that the Multimedia Super Corridor (MSC) had a total investment of RM330 billion from 1997 to 2018, and export sales of RM166 billion, which also brought more than 180,000 jobs to the country.

 

He said that 4,000 companies have obtained the status of MSC in Malaysia, with local investment and foreign investment accounting for 74% and 26% respectively, including 180 multinational companies.

 

"But we are not satisfied with the status quo, and our country is still moving forward in the technology and digital fields."

 



Gobind Singh Deo said that Malaysia has embarked on the 5G field and is currently developing a 5G implementation roadmap by the National 5G Working Group, which was established last November. So far, there have been 110 participants. I hope to see new capabilities, skills, business opportunities and a vibrant ecosystem, and to promote the next phase of the digital economy in Malaysia.

 

The Malaysia Technology Week in 2019 is from June 17th to June 21st in various regions of Kuala Lumpur. It will bring together the best companies, ecosystem partners, investors, regulators and technology start-ups in Malaysia as well as representatives from around the world.

 

The 2019 Technology Week will create Malaysia's gateway to the ideal digital destination and ASEAN, showcase innovative exhibitions on technology and digital, provide business matching opportunities, market platforms and browse the Malaysian ecosystem network. This event also provides experiential participation, providing a rich networking opportunity for all participants.

 

On the other hand, Gobind Singh Deo said at a press conference that the ministry is exploring the roles of all relevant science and technology institutions to avoid overlapping positions and services. He said that he will discuss with the relevant departments and agencies involved.

 

He said that this is to resolve the overlapping roles and roles of relevant institutions, so as to avoid confusion among people in the field of science and technology.

 

"I have received complaints from many people because we have a lot of organizations. They don't know which institution to consult. Of course, it is tiring and cumbersome to negotiate with multiple agencies."

 

Gobind Singh Deo was asked about the overlapping of institutional roles including the Cradle Fund and Malaysian Global Innovation & Creativity Centre (MaGIC).

 

News from - < Oriental Daily >

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